Economics: Theories and Applied Principles

Economics is a social science which is concerned with the production, consumption and distribution of goods and services. The working of an economy and the interaction of economic agents are the key focus areas of economics. Economics has two major branches, macroeconomics and microeconomics. Macroeconomics deals with the structure, behavior, performance and decision making of an economy as a whole. Microeconomics analyses the interaction among individuals and firms in making decision regar...